Independent Power Transmission Operator S.A. (IPTO or ADMIE from "ΑΔΜΗΕ" - Ανεξάρτητος Διαχειριστής Μεταφοράς Ηλεκτρικής Ενέργειας A.E. in

Greek Greek may refer to: Anything of, from, or related to Greece, a country in Southern Europe: *Greeks, an ethnic group *Greek language, a branch of the Indo-European language family **Proto-Greek language, the assumed last common ancestor of all kno ...

) is the

Transmission System Operator File:Electricity grid simple- North America.svg, 380px, Simplified diagram of AC electricity grid from generation stations to consumers in North America rect 2 243 235 438 Power station rect 276 317 412 556 Transformer rect 412 121 781 400 Elect ...

for the Hellenic Electricity Transmission System. The mission of the company is the operation, control, maintenance and development of the national transmission system of

Greece Greece, officially the Hellenic Republic, is a country in Southeast Europe. Located on the southern tip of the Balkan peninsula, it shares land borders with Albania to the northwest, North Macedonia and Bulgaria to the north, and Turkey to th ...

to ensure the reliable and efficient electricity supply, as well as the operation of the

electricity market An electricity market is a system that enables the exchange of electrical energy, through an electrical grid. Historically, electricity has been primarily sold by companies that operate electric generators, and purchased by consumers or electr ...

following the principles of transparency and equality. Since February 2012 it is independent in operation and management, retaining the necessary independence required for compliance with 2009/72/EC EU Directive. Till the end of June 2017 it was a wholly owned subsidiary of Public Power Corporation of Greece (PPC S.A.). As of June 20, 2017 ADMIE follows the model of proprietary separated Administrator (Ownership Unbundling) and is fully harmonized with the Directive 2009/72/EC. The current shareholder structure of ADMIE is as follows: 51% ADMIE HOLDINGS Inc., 25% DES ADMIE S.A., 24% State Grid Europe Limited. Until 31 January 2012, ADMIE was a joint company with the Hellenic Electricity Market Operator S.A. (now called LAGIE) under the name "Hellenic Transmission System Operator S.A.". ADMIE's compliance with the requirements applicable to the model of the Independent Transmission Operator was certified by the Regulatory Authority for Energy (

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) in December 2012. ADMIE S.A. is a member of

ENTSO-E The European Network of Transmission System Operators for Electricity (ENTSO-E) is an association representing 40 electricity transmission system operators (TSOs) from 36 countries across Europe, thus extending beyond EU borders. It manages the ...

(the European Network of Transmission System Operators for Electricity). In summer 2022 analysts said that if Russian gas was completely stopped ADMIE would struggle to cope.

Privatization

The Greek Bailout Agreement in July 2015 includes the privatization of ADMIE. For this purpose, ADMIE is to be split from PPC S.A., with a 51% stake to be transferred to the Greek State and a 49% stake to be sold, including a stake of at least 29% to be offered to strategic Investors. On 21 October 2016, a consortium formed by Terna S.p.A. and F2i SGR S.p.A. (both with 50% stakes) submitted a binding offer for the acquisition of a 24% stake in ADMIE. Finally, the 24% of the company was sold to the

State Grid Corporation of China The State Grid Corporation of China (SGCC), commonly known as the State Grid, is a Chinese state-owned electric utility corporation. It is the largest utility company in the world. , State Grid is the world's third largest company overall by re ...

References

External links

* {{European Network of Transmission System Operators for Electricity Electric power transmission system operators in Greece

Privatization

See also

References

External links